Grizzly Oil Sands ULC is a full-cycle in situ oil sands project developer that is advancing the SAGD recovery model through facility design innovation and phased development centred on Grizzly’s unique ARMS concept.

The company has a large and diversified asset base, containing approximately 3.4 billion barrels of proved and probable reserves and contingent resources. Grizzly has delineated three key properties. Phase 1 of the Algar Lake project is ramping up production and Grizzly's May River and Thickwood projects are in the regulatory approval process. Grizzly intends to grow in manageable increments to production of up to 150,000 barrels per day within 10 years and maintain additional growth potential thereafter.

Operational Areas

Grizzly has assembled a portfolio of oilsands leases in excess of 800,000 acres in the Athabasca, Peace River and Cold Lake regions.